State Codes and Statutes

Statutes > Arkansas > Title-23 > Subtitle-2 > Chapter-49 > 23-49-104

23-49-104. When possession terminates.

When the Bank Commissioner has taken possession of the business and property of an institution under the provisions of 23-49-102, the commissioner shall hold possession of the business and property until the affairs of the institution have been finally liquidated as provided in this chapter, unless the institution has undertaken the voluntary liquidation of its affairs under this chapter or the Federal Deposit Insurance Corporation has been appointed receiver.

State Codes and Statutes

Statutes > Arkansas > Title-23 > Subtitle-2 > Chapter-49 > 23-49-104

23-49-104. When possession terminates.

When the Bank Commissioner has taken possession of the business and property of an institution under the provisions of 23-49-102, the commissioner shall hold possession of the business and property until the affairs of the institution have been finally liquidated as provided in this chapter, unless the institution has undertaken the voluntary liquidation of its affairs under this chapter or the Federal Deposit Insurance Corporation has been appointed receiver.